RELATIVE PRINCIPLE OF PROHIBITING A COMPANY FROM SUBSCRIBING TO AND PURCHASING ITS OWN SHARES IN ALGERIAN LAW

Abstract

The Algerian legislature has meticulously defined the parameters governing a company's ability to subscribe to and purchase its own shares, establishing a regulatory framework that both prohibits and permits such transactions under specific legal conditions. This dual approach ensures a balance between the prohibition of potentially abusive practices and the allowance for strategic corporate actions that align with the interests of all stakeholders, including shareholders and creditors.

The oversight role of the Securities Exchange Commission is critical in this context, as it monitors the activities of publicly traded companies to prevent any manipulative practices aimed at illegal speculation.